Save on Chevy Malibu Insurance in Pittsburgh

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Insurance rates Chevy Malibu in PittsburghReally, the only way to get budget car insurance rates in Pittsburgh is to start comparing rates regularly from insurance carriers that sell auto insurance in Pennsylvania.

  1. Gain an understanding of what is in your policy and the things you can control to drop your rates. Many rating criteria that are responsible for high rates like your driving record and poor credit rating can be eliminated by making minor changes to your lifestyle.
  2. Request rate estimates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agents can provide price quotes for many different companies.
  3. Compare the new quotes to your existing rates and determine if cheaper Malibu coverage is available in Pittsburgh. If you find a better price and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A tip to remember is that you'll want to make sure you compare identical deductibles and limits on every quote and and to get prices from as many different companies as possible. Doing this helps ensure the most accurate price comparison and a complete price analysis.

Anyone knows that car insurance companies don't want their policyholders to compare prices. Drivers who get comparison quotes at least once a year will presumably switch companies because they stand a good chance of finding lower prices. A recent insurance study discovered that people who compared rates annually saved approximately $70 a month compared to other drivers who never shopped around for better prices.

If finding the best rates on auto insurance in Pittsburgh is your objective, then having an understanding of how to shop and compare coverages can make it easier for you to save money.

Quoting the lowest-priced auto insurance policy in Pittsburgh is not as hard as you think. If you are already insured or are looking for a new policy, use these cost-cutting techniques to shop for the lowest rates without having to cut coverage. Shoppers just need to understand the most effective way to compare company rates instantly.

The following companies are ready to provide price quotes in Pennsylvania. To get the best car insurance in Pittsburgh, PA, it's a good idea that you visit several of them in order to get a fair rate comparison.

Insurance coverage details

The coverage information below highlights a range of insurance coverage prices for Chevy Malibu models. Learning more about how insurance rates are figured can be useful when making decisions when shopping around.

Chevrolet Malibu Insurance Rates in Pittsburgh, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $314 $630 $444 $26 $134 $1,548 $129
Malibu Hybrid $314 $630 $444 $26 $134 $1,548 $129
Malibu LT $354 $630 $444 $26 $134 $1,588 $132
Malibu LTZ $354 $742 $444 $26 $134 $1,700 $142
Get Your Own Custom Quote Go

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price estimates do not factor in specific garaging location which can change coverage rates substantially.

Should you raise deductibles?

One of the most common car insurance questions is how low should you set your deductibles. The figures shown below can help you understand the difference in cost when you buy lower versus higher coverage deductibles. The first rate quote example uses a $250 deductible and the second set of prices uses a $500 deductible.

Chevrolet Malibu insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $254 $428 $330 $20 $98 $1,155 $96
Malibu Hybrid $254 $428 $330 $20 $98 $1,155 $96
Malibu LT $288 $428 $330 $20 $98 $1,189 $99
Malibu LTZ $288 $506 $330 $20 $98 $1,267 $106
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Chevrolet Malibu insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Malibu LS $206 $346 $330 $20 $98 $1,000 $83
Malibu Hybrid $206 $346 $330 $20 $98 $1,000 $83
Malibu LT $234 $346 $330 $20 $98 $1,028 $86
Malibu LTZ $234 $408 $330 $20 $98 $1,090 $91
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rates do not factor in specific zip code location which can decrease or increase rates greatly.

Based on this data, using a $250 deductible could cost the average driver approximately $13 more each month or $156 each year than requesting the higher $500 deductible. Since you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 19 months between claims, you would probably come out ahead if you decide on a higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $99
Average monthly premium for $500 deductibles (subtract): - $86
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

An important sidenote is that increasing deductibles to save money means you pay more out-of-pocket when you have a physical damage claim. That will necessitate a higher level of savings in order to pay the deductible for vehicle repair.

The illustration below highlights how deductible selection and can increase or decrease Chevy Malibu annual premium costs for each different age group. The price estimates are based on a single female driver, full coverage, and no policy discounts are applied.

Male drivers versus female drivers

The information below compares Chevy Malibu insurance rates for male and female drivers. The rate quotes are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single marital status, and no other discounts are factored in.

How much more does full coverage cost in Pittsburgh?

The diagram below shows the difference between Chevy Malibu insurance costs with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims, a clean driving record, $250 deductibles, single marital status, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no exact formula of when to phase out physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.

For example, let's say your Chevy Malibu replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after paying your policy deductible. If you are paying in excess of $200 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.

Why Smart Consumers Pay Less for Chevy Malibu Insurance

Many things are considered when pricing auto insurance. Some are pretty understandable such as your driving history, but other criteria are more obscure like your continuous coverage or how safe your car is. Part of the auto insurance buying process is learning some of the factors that play a part in calculating the rates you pay for auto insurance. When you understand what controls the rates you pay, this allows you to make good choices that can help you get much lower annual insurance costs.

Poor credit decisions can cost you - Credit history is a large factor in determining what you pay for auto insurance. Consumers who have very high credit ratings tend to be less risk to insure than those with bad credit. So if your credit is low, you could save money insuring your Chevrolet Malibu by improving your credit score.

Safer the car lower the rate - Vehicles with good safety scores are cheaper to insure. The safest vehicles reduce the chance of injuries and any reduction in injury severity means less claims paid which can result in lower premiums. If your Chevy has ratings of a minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org it is probably cheaper to insure.

Increase coverage deductibles and save - Coverage for physical damage, also called comprehensive and collision insurance, is used to repair damage to your Chevy. Some examples of covered claims would be collision with another vehicle, flood damage, and windstorm damage. Physical damage deductibles state the amount of money you are required to pay if a covered claim is submitted. The more money you pay before a claim is paid (deductible), the lower your rates will be.

Tickets and citations cost more than a fine - Even a single citation can increase the cost of insurance to the point where it's not affordable. Good drivers get better prices compared to bad drivers. Drivers who have received careless violations like hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state DMV in order to legally drive.

The example below illustrates how violations and accident claims can increase Chevy Malibu auto insurance rates for different age groups. The premium estimates are based on a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

You might want pay the minor claims yourself - Insurance companies in Pennsylvania generally give the lowest premiums to policyholders that do not abuse their auto insurance. If you file a lot of claims you can expect either policy cancellation or increased premiums. Auto insurance is meant to be used in the event of more catastrophic claims.

City dwellers may pay more - Residing in a rural area is a positive aspect when trying to find low car insurance rates. Drivers in populated areas have traffic congestion and more severe claims. Fewer drivers means reduced accidents as well as less vandalism and auto theft.

Your job and auto insurance rates - Did you know your auto insurance rates can be affected by your occupation? Careers like judges, social workers, and stock brokers are shown to have higher average rates attributed to intense work-related stress and lots of time spent at work. Other jobs like scientists, students and performers generally pay rates lower than average.

Chevy Malibu claim probability - Companies include the past claim trends for vehicles as a tool for profitable underwriting. Vehicles that the data determines to have high amounts or severity of claims will have higher rates for specific coverages. The data below shows the insurance loss data used by companies for Chevy Malibu vehicles.

For each coverage category, the claim amount for all vehicles, regardless of make, model or trim level, is set at 100. Values below 100 imply a favorable loss record, while values that are above 100 show a trend for more claims or an increased likelihood of larger losses.

Insurance Loss Ratings for Chevrolet Malibu Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Malibu 94 100 109 139 145 120
BETTER
AVERAGE
WORSE

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Why you need quality insurance for your Chevy Malibu

Even though Pittsburgh Malibu insurance rates can get expensive, car insurance is mandatory in Pennsylvania but it also protects more than you think.

  • The majority of states have compulsory liability insurance requirements which means state laws require a specific level of liability coverage in order to drive the car legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you have a loan on your Chevy, almost all lenders will have a requirement that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy at a significantly higher premium and require you to fork over for the much more expensive policy.
  • Insurance protects not only your Chevy Malibu but also your financial assets. Insurance will pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, your car insurance policy will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance are without a doubt worth the cost, particularly when you have a large claim. According to a 2015 survey, the average American driver overpays as much as $865 each year so you should quote your policy with other companies at least once a year to be sure current rates are still competitive.